A revolution in non-lithium EV battery technology
Even with recent advancements, the cost of lithium-ion batteries is roughly double what’s needed for EVs to reach cost parity with comparable internal combustion engine (ICE) vehicles. Low-cost, high-performance, non-flammable EV battery technology can help increase design flexibility and make it easier to reach ICE pricing parity.
EV battery technology challenges
EV battery technology has become more affordable over the last 10 years, but EVs still cost 30% more than gasoline-powered cars on average–primarily due to the industry’s continued reliance on lithium-ion batteries. Li-ion battery manufacturing relies on sourcing of minerals and materials with volatile and constrained supply chains, leading to increased prices and inconsistent supply. They also suffer from fire risks; burning EVs fires are much more difficult to extinguish than gas or diesel cars, and lithium-ion batteries (including LFP / LiFePO4) can reignite hours (or even days) after a fire seems to be completely over.
Safer, cheaper EV battery technology for everyone
High prices are slowing the pace of EV adoption, especially in developing nations. Low-cost, high-performance Alsym EV battery technology will enable automakers to reach pricing parity with ICE vehicles, speeding global adoption of battery-electric vehicles across consumer and commercial segments. We take advantage of inexpensive, readily available materials with robust global supply chains, and Alsym batteries contain no lithium, cobalt, or nickel and use a non-flammable water-based electrolyte. That means Alsym cells are incapable of entering thermal runaway and catching fire, reducing the likelihood of battery recalls and cumulative liabilities.
Applications and use cases
Alsym EV battery technology will be suitable for small EVs and city cars along with standard-range full-size passenger cars and SUVs. Alsym solutions for energy storage systems can also be used to support EV charging infrastructure.